On 9 December 2020, the Inland Revenue Authority of Singapore published a notice on the International Compliance Assurance Programme (ICAP). --- What is the International Compliance Assurance Programme (ICAP)] The International Compliance Assurance Programme (ICAP) is a voluntary risk assessment and assurance programme to facilitate co-operative multilateral engagements between multinational enterprises (MNEs) and tax administrations. Developed by the Organisation for Economic Co-operation and Development (OECD), it is designed to be an efficient, effective, and co-ordinated approach to provide MNEs with increased tax certainty with respect to certain of their activities and transactions. More information on ICAP can be found on...